Justice News

Former Savings and Loan Employee Pleads Guilty to Embezzling Money

CINCINNATI – Rebecca D. Bingham, 39, of Cincinnati pleaded guilty in U.S. District Court to theft from a savings and loan corporation.

Carter M. Stewart, United States Attorney for the Southern District of Ohio and Angela L. Byers, Special Agent in Charge, Federal Bureau of Investigation (FBI), Cincinnati Field Division, announced the plea entered into today before U.S. District Judge Michael R. Barrett.

According to court documents, Bingham was employed at Cincinnatus Savings and Loan from 2004 until September 2014. During that time, Bingham embezzled approximately $215,000 from the financial institution.

She took advantage of her autonomy as Assistant Vice President and Senior Accountant to conceal stealing from the institution’s main operational account. She deposited at least 63 checks into her personal account. Bingham then used the funds for her own personal expenses, to pay off a vehicle in her name and to assist an unemployed family member.

Theft from a savings and loan corporation carries a maximum sentence of up to 30 years in prison and a fine of up to $1 million.

U.S. Attorney Stewart commended the cooperative investigation by the FBI, as well as Assistant United States Attorney Anthony Springer, who is representing the United States in this case.